PropertyOutgoings High Street Urban Land Ceiling and Regulation Act (ULCRA) Clearance area Flatted factory Property portfolio management
Joint agent
In the world of finance, it is common for a principal to enlist the help of multiple agents to represent them. These agents work together to carry out tasks on behalf of the principal, such as selling or leasing a property. In these situations, it is understood that if any one agent successfully completes the task, all agents will receive a portion of the agreed-upon compensation. However, if the transaction is ultimately the result of another party's introduction, none of the agents involved would be entitled to a commission. This concept is known as joint instruction and is a crucial aspect of the finance industry.
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